WINTON GROUP Ltd Takes Position in Intuitive Machines, Inc. $LUNR

WINTON GROUP Ltd bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 4th quarter, Holdings Channel.com reports. The firm bought 117,557 shares of the company’s stock, valued at approximately $1,908,000.

Several other institutional investors and hedge funds have also made changes to their positions in LUNR. Invesco Ltd. lifted its holdings in shares of Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after purchasing an additional 2,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock valued at $184,000 after purchasing an additional 7,528 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Intuitive Machines in the 1st quarter valued at about $139,000. Creative Planning lifted its holdings in shares of Intuitive Machines by 29.3% in the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock valued at $331,000 after purchasing an additional 6,886 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Intuitive Machines by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock valued at $205,000 after purchasing an additional 2,506 shares during the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Price Performance

LUNR opened at $29.36 on Monday. The business has a 50 day moving average price of $28.90 and a two-hundred day moving average price of $20.64. The company has a market cap of $6.37 billion, a PE ratio of -33.36 and a beta of 1.68. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. As a group, sell-side analysts expect that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Machines news, SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.55, for a total transaction of $2,632,500.00. Following the transaction, the senior vice president owned 359,726 shares in the company, valued at approximately $6,313,191.30. The trade was a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter Mcgrath sold 24,554 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the transaction, the chief financial officer owned 401,246 shares in the company, valued at $9,473,418.06. The trade was a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,190,115 shares of company stock worth $30,320,128. Company insiders own 54.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LUNR. B. Riley Financial boosted their target price on Intuitive Machines to $45.00 and gave the company a “buy” rating in a report on Friday, May 15th. Roth Mkm boosted their target price on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Canaccord Genuity Group boosted their target price on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research note on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a research note on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of “Hold” and a consensus price target of $31.50.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.